The Star Entertainment Group will not be suitable to hold a casino licence until it has decisively rectified its dysfunctional internal culture and risk management failures, according to lawyers assisting a government an inquiry into the company.

On the final day of NSW hearings into casino giant, counsel assisting the inquiry Naomi Sharp, SC, accused the casino operator of belated, and limited admission of wrongdoing. But she said the more significant issue is the lack of insight provided into why and how it all went wrong.

“To date, very little has been said about why these problems have happened, and why the misconduct occurred. Very little has been said about why the culture was dysfunctional to the extent that it was and why the second line of defense under the risk management framework failed so fundamentally,” she told the inquiry.